Nucor reported a decline in earnings for the second quarter of 2019 due to lower shipments and pricing. A build-up of inventory before the Section 232 tariffs resulted in aggressive destocking at the end of 2018 and into 2019, which impacted order rates, along with an increase in domestic steel supply and a declining scrap […]
Most indicators of manufacturing activity are still positive, but if trends continue, growth will become negative by late summer. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market Update publications, and […]
Demand for long products is very strong, driven by the construction industry. Demand for sheet products is declining. This analysis by Steel Market Update is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and imports/export data from the U.S. Department of Commerce (DoC). The analysis summarizes total steel supply […]
Most indicators of manufacturing activity are still positive, but if trends continue growth could become negative by late summer, according to Steel Market Update’s latest analysis. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately […]
This report examines the import share of sheet, plate, long and tubular products and 16 subcategories. Table 1 shows total supply to the market in three months through April and in 12 months through April for the four product groups and the 16 subcategories. Supply to the market is the total of domestic mill shipments […]
Steel Market Update is pleased to share this Premium content with Executive-level members. For more information on how to upgrade to a Premium-level subscription, email Info@SteelMarketUpdate.com. Demand for long products is strong, driven by construction, while demand for sheet is declining, according to this SMU analysis of the latest data from the American Iron and […]
Demand for long products and tubular goods have shown strong growth, but sheet products are declining. This analysis by SMU staff is based on data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce (DoC). The analysis summarizes total steel supply by product from 2003 through March 2019 and year-on-year […]
Steel mill shipments have declined slightly since November on a seasonally adjusted basis, while the inventory-to-shipment ratio has increased slightly since October, according to Steel Market Update’s latest analysis of Census Bureau data. Steel trade association data from the AISI and MSCI is most widely used to assess the state of the industry. In addition, […]
Demand for long products and tubular goods has seen strong growth, but sheet products are declining. This analysis by SMU staff is based on data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce (DoC). The analysis summarizes total steel supply by product from 2003 through February 2019 and year-on-year […]
Economic indicators of manufacturing activity are strong, though the growth rate is slowing. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market Update publications, and therefore will be brief in this […]
Most indicators of manufacturing activity are still positive, but evidence of a slowdown is indisputable. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market Update publications and therefore will be brief […]
This report examines the import share of sheet, plate, long and tubular products and 16 subcategories through December. Table 1 shows total supply to the market in three months through December and in 12 months through December for the four product groups and the 16 subcategories. Supply to the market is the total of domestic […]
The government shutdown is over but much of the data that Steel Market Update uses in its regular analyses for Premium members is still not available. This is a brief summary of where we are today in the process of data recovery. The longest government shutdown in U.S. history, lasting 35 days from Dec. 22 […]
Economic indicators of manufacturing activity are strong, though the growth rate is slowing. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market Update publications, and therefore will be brief in this […]
Demand for long products is booming, plate products are doing OK, sheet products are flat and tubulars are cratering. This analysis by SMU staff is based on data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce (DoC). The analysis summarizes total steel supply by product from 2003 through October […]
This report examines the import share of sheet, plate, long and tubular products and 16 subcategories through October. Table 1 shows total supply to the market in three months through October and in 12 months through October for the four product groups and the 16 subcategories. Supply to the market is the total of domestic […]
Steel Market Update is pleased to include the following Premium content in this Executive issue. For more information about upgrading to a Premium-level subscription, email info@SteelMarketUpdate.com. Economic indicators of U.S. manufacturing activity are strong, though growth is slowing. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the […]
This is the first time we have done this analysis since our April publication and we were surprised that the results for sheet and strip products weren’t as good as we expected. Our analysis is based on data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce (DoC). The analysis […]
This report examines the import share of sheet, plate, long and tubular products and 16 subcategories through September. Table 1 shows total supply to the market in three months through September and in 12 months through September for the four product groups and the 16 subcategories. Supply to the market is the total of domestic […]
Steel Market Update is sharing the following Premium-level article with its Executive-level members this issue. For more information on upgrading to a Premium subscription, email info@SteelMarketUpdate.com. Economic indicators of manufacturing activity remain strong. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We […]
For the past two weeks, Steel Market Update has been collecting data from the flat rolled and plate steel service centers in the United States who participate in our Service Center Inventories Index. The number of months of supply of flat rolled steel being held on the distributors’ floors increased to 2.8 months. Plate inventories […]
A strong economy and equally strong steel demand propelled Nucor Corp. earnings growth in the third quarter. Nucor reported earnings of $676.7 million in the third quarter, which included a non-cash impairment charge of $110.0 million related to its natural gas well assets. In comparison, second quarter net earnings were $683.2 and third quarter 2017 […]
Economic indicators of manufacturing activity remain strong. This report summarizes 10 data sources that describe the state of manufacturing in the United States. We have reported on most of these separately and therefore will be brief in this summary. We don’t expect these data sources to all point in the same direction. Our intent in […]
Editor’s note: Normally a Premium offering, we are sharing this article with our Executive members. For more information about Premium-level membership, click here. Steel mill shipments are up while the shipment-to-inventory ratio is down, according to Steel Market Update’s latest analysis of Census Bureau data. This is an alternative data source for steel product shipments […]
Economic indicators of manufacturing activity continue to look favorable for the rest of 2018. This report summarizes nine data sources that describe the state of manufacturing in the United States. We have reported on most of these separately in our Steel Market Update publications, and therefore will be brief in this summary. We don’t expect […]
There are no clouds on manufacturing’s horizon. Economic indicators of manufacturing activity are virtually all positive for the remainder of 2018, according to Steel Market Update’s analysis of nine data sources that describe the state of manufacturing in the United States. We have reported on most of these separately in our Steel Market Update publications, […]
This Steel Market Update report examines the import share of sheet, plate, long and tubular products and 16 subcategories through May. Table 1 shows total supply to the market in three months through May and in 12 months through May for the four product groups and the 16 subcategories. Supply to the market is the […]
Economic indicators of manufacturing activity continue to look favorable for the rest of 2018. This report summarizes seven data sources that describe the state of manufacturing in the United States. We have reported on most of these separately in our Steel Market Update publications and therefore will be brief in this summary. We don’t expect […]
This Steel Market Update report examines the import share of sheet, plate, long and tubular products and 18 subcategories. Table 1 (click to enlarge) shows total supply to the market in three months through April and in 12 months through April for the four product groups and the 18 sub-categories. Supply to the market is […]
Manufacturing activity in the U.S. remains robust and economic indicators continue to point to a strong 2018, according to Steel Market Update’s latest analysis. This report summarizes seven data sources that describe the state of manufacturing in the United States. We have reported on most of these separately in our Steel Market Update publications, and […]